The Europe Microdisplays Market would witness market growth of 26.9% CAGR during the forecast period (2021-2027).
Microdisplay features user-configurable technology, high resolution, and high pixel density, and is commonly utilized in smartwatches, smart bands, and smart glasses to provide high contrast ratio and quality images. It also has a super extended graphics array (SEGA) resolution for improved viewing angles and brightness.
Moreover, microdisplay technologies such as LCD, DLP, and LCoS are commonly employed. Microdisplay is being used in a wide range of military and defense applications for real-time monitoring and speedier performance.
Due to European Union car safety rules, there has been an increase in the use of microdisplays in the automotive sector (EU). As a result, automakers around the region are focusing on incorporating safety features into vehicles, culminating in the development of high-resolution and head-mounted displays (HMD). Hence, these factors are anticipated to propel the growth of the regional microdisplay Market during the forecasting period.
The Germany market dominated the Europe Microdisplays Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $287.4 million by 2027. The UK market would witness a CAGR of 25.9% during (2021 - 2027). Additionally, The France market is poised to grow a CAGR of 27.8% during (2021 - 2027).
Based on Product Type, the market is segmented into Near-to-Eye, Projection Based, and Others. Based on Application, the market is segmented into Consumer Electronics, Military & Defense, Medical, Industrial, Automotive, Retail & Hospitality, Sports & Entertainment, and Others. Based on Resolution, the market is segmented into HD & FHD, and Others. Based on Technology, the market is segmented into LCD, LCoS, DLP, and OLED. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Microdisplays Market Size will Hit $4.4 Billion by 2027, at a CAGR of 27.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sony Corporation, Seiko Epson Corporation, eMagin Corporation, Kopin Corporation, Himax Technologies, Inc., HOLOEYE Photonics AG, Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd., WiseChip Semiconductor, Inc., Raystar Optronics, Inc., and Winstar Display Co. Ltd.
By Product Type
By Application
By Resolution
By Technology
By Country
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